Mr Kant said the green development pact, which is a key part of the declaration, presents a great opportunity for the Indian automotive and components sector to become the global leader in electric and sustainable mobility.
New Delhi: The New Delhi G20 declaration adopted by leaders has demonstrated India’s great ability to be a champion of multilateralism and bring the world together on global developmental issues and conflicts like the Russia-Ukraine crisis, India’s G20 Sherpa Amitabh Kant said on Wednesday.
The green development pact, a key part of the declaration, offers a great opportunity for the Indian automotive and components sector to become the global leader in electric and sustainable mobility, he said asking the industry to go all-electric while speaking here at the annual convention of Automotive Component Manufacturers Association of India (ACMA).
“The New Delhi leaders’ declaration that has come out is very, very inclusive, very ambitious. It has 83 paras in all. This is the first time that all 83 paras have 100 per cent consensus,” Mr Kant asserted.
In the declaration, there is no ‘reservation, brackets and chair’s summary’, he said adding all the 83 paras, including the eight paras on the Russia-Ukraine crisis, have been done by consensus, he added.
“This has demonstrated India’s great ability, firstly, to be a champion of multilateralism, and its great ability to bring developing countries, all emerging markets, the developed world, all the G7, Russia, China all together and bring consensus on all developmental issues, as well as on issues of global conflict, which is the Russia-Ukraine crisis,” Mr Kant noted.
The declaration has a huge focus on climate action, climate finance, and at the heart of it is a green development pact, which has a major implication for the automobile sector, he added.
“I’ve just negotiated the G20 document and let me tell you, the green development pact has a huge component, the entire negotiation was about cutting down emissions by 43 per cent by 2030…and there will be increasing pressure from all over the world on India and other Middle East countries to cut down emissions,” Mr Kant noted.